22 January, 2015 by The TZ Newswire Staff Comments Off on Fed’s solo act gets tougher with ECB, others in stimulus mode
Fed’s solo act gets tougher with ECB, others in stimulus mode
Federal Reserve policymakers, already struggling to assure investors that they remain on track for a mid-year interest rate rise, will find the task has just become harder with their peers in Europe and elsewhere headed in the opposite direction. The swelling ranks of central banks cutting rates and ramping up stimulus make it more difficult and riskier for the Fed to proceed with plans to end crisis-era policies, according to Fed analysts and former staffers.
22 January, 2015 by The TZ Newswire Staff Comments Off on U.S. airlines expect big fuel savings, steady fares
U.S. airlines expect big fuel savings, steady fares
Share prices rose across the industry after four airlines said they will save hundreds of millions of dollars in fuel costs starting this year, with global oil prices down more than 57 percent since June. The carriers said they plan to use the fuel savings to pay down debt and return cash to shareholders. On Thursday, Southwest Airlines (LUV.N) estimated it would save $1.7 billion on fuel in 2015. Delta Air Lines (DAL.N) tallied its 2015 savings at more than $2 billion, while fuel price forecasts from United Airlines (UAL.N) and Alaska Airlines (ALK.N) promised similar cost reductions.
22 January, 2015 by The TZ Newswire Staff Comments Off on Starbucks Americas traffic ticks up in holiday quarter, new COO named
Starbucks Americas traffic ticks up in holiday quarter, new COO named
The world’s biggest coffee chain also announced that director Kevin Johnson would become Starbucks president and chief operating officer, effective March 1, replacing long-time executive Troy Alstead, who said he is taking an extended sabbatical to spend time with his family. Starbucks shares jumped $3.36, or 4.1 percent, to $86.10 in extended trade. Sales at Starbucks cafes open at least 13 months were up 5 percent for the U.S.-dominated Americas region in the first quarter that ended Dec. 28. Starbucks’ Americas region contributes the majority of company revenue.
22 January, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Thailand’s Yingluck found guilty in impeachment hearing
The Wall Street Journal: Thailand’s Yingluck found guilty in impeachment hearing
Thailand’s legislature finds former Prime Minister Yingluck Shinawatra guilty in an impeachment hearing, a move that will ban her from entering politics for five years for her role in a botched multibillion-dollar rice subsidy, but which also risks stoking political fires in the military-controlled country.
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22 January, 2015 by The TZ Newswire Staff Comments Off on Live blog: Reaction to Saudi succession, Europe QE
Live blog: Reaction to Saudi succession, Europe QE
News of Saudi King Abdullah’s death and a bigger-than-expected bond-buying program in Europe is likely to dominate discussions at Davos.
22 January, 2015 by The TZ Newswire Staff Comments Off on Cramer: Avoid stocks getting crushed by this
Cramer: Avoid stocks getting crushed by this
“Mad Money” host Jim Cramer reveals how to stay out of the house of pain in this market.
22 January, 2015 by The TZ Newswire Staff Comments Off on A Billionaire Lectures Serfs In Davos: "America’s Lifestyle Expectations Are Far Too High"
A Billionaire Lectures Serfs In Davos: "America’s Lifestyle Expectations Are Far Too High"
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
If you listened closely this morning, you could hear humanity vomit as JP Morgan CEO, Jamie Dimon, began to speak at Davos. In what amounted to some of the most egotistical and delusional statements heard at a conference filled with egotistical and delusional participants, Mr. Dimon didn’t disappoint. Here are a couple highlights courtesy of Twitter: